Fishing upstream: Firm innovation strategy and university research alliances |
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Authors: | Janet E.L. Bercovitz Maryann P. Feldman |
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Affiliation: | a College of Business, University of Illinois at Urbana-Champaign, 1206 S. Sixth Street, Champaign, IL 61820, United States b Institute for Higher Education, University of Georgia, Athens, GA 30602, United States |
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Abstract: | This paper examines how innovation strategy influences firms’ level of involvement with university-based research. Our results suggest that firms with internal R&D strategies more heavily weighted toward exploratory activities allocate a greater share of their R&D resources to exploratory university research and develop deeper multifaceted relationships with their university research partners. In addition, firms with more centralized internal R&D organizations spend a greater share of their R&D dollars on exploratory research conducted at universities. In contrast to other external partners, we find evidence suggesting that universities are preferred when the firm perceives potential conflicts over intellectual property. |
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Keywords: | R& D strategic alliances University-industry technology transfer Organizational learning |
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